295,000 jobs lost since Duterte assumed office, IBON maintains

Features Philippines Sep 28, 2018 at 3:23 pm

Research group IBON stood by its estimates that close to 300,000 jobs were lost since the start of the Duterte administration, that has been downplaying the fact. The group stressed this after Employers’ Confederation of the Philippines (ECOP) honorary chair Sergio Ortiz-Luis said that IBON’s description of jobs lost is “deceiving”.

Ortiz-Luis reportedly said that it is deceiving to claim that the number of employed decreased by 300,000 just because there is data showing that employment dropped, even if there are new entrants to the labor market.

But Philippine Statistics Authority (PSA) data reports net employment generation, said IBON executive director Sonny Africa. “Net employment generation means employment created net of employment lost,” he explained.

“Ortiz-Luis’ argument about the number of entrants into the labor force is meanwhile puzzling because this is actually irrelevant in the PSA’s measurement of employed Filipinos,” Africa added. “The number of employed reflects the number of jobs the economy generates, while the labor force measures those who have to compete with each other for whatever jobs the economy generates,” he explained.

(IBON.org)